I hear that I should utilize cost segregation to calculate my depreciation in this first year of renting, but every calculator I find starts with the question "How much did you pay for the house?". I bought a new hous...
Hey BP Studs and Studettes. I'm pulling the trigger to submeter water and sanitation at an apartment. It is a 6 units, with 3 of the leases up in the next 30days. I have a 4th renter that is very behind in rent, and s...
I just closed on my first deal. It is a townhouse, should cashflow about $300/month. There is a lot to closing on a property! I purchased my home 20 years ago, so forgot how involved it is. The bank wants everything ...
I would like to know the downsides of purchasing MHPs that aren't on city water and sewer. I am in OKC and a lot of parks are on well and septic systems. I saw that one MHP guru said he only buys parks that have ci...
Good Afternoon BP.I am looking to get started using the BRRRR Method but need some advice. - I am in the Indianapolis market. - I have a duplex I cashflow $500 on but do not have any equity in it as it was turn key.-...
Hi BP fam,What is you favorite/most effective way to calculate expenses for a potential STR? What resources do you use? What has been most efficient for you and most accurate?Right now, I base numbers off of other loc...
Hello,I'm looking to buy my first rental property in Maryland. It is a duplex with one unit on the top floor and one unit on the bottom floor. I am planing on living in one unit and renting out the other. The units ar...
Hi everyone! I am starting to run numbers on potential properties to develop the skill on multi families in my criteria zone before I buy my first househack hopefully the next year. I am able to get most of the nu...
I was wondering about house hacking a condo. Is that possible? And is it worth it with HOA and all that? Any pros or cons?
Hi, I'm looking to buy a 2 family in the near future and house hack it by living in the 2 BR unit, leaving the 3 BR unit to rent.
Right now I am trying to estimate on utilities, and this is proving tough for me: all ...